SB38 Alabama 2013 Session

Summary

Primary Sponsor

Linda Coleman-Madison Senator

Democrat

Co-Sponsors

Rodger SmithermanVivian Davis FiguresPriscilla Dunn

Session

Regular Session 2013

Title

Alabama Land Bank Authority, powers and duties further provided for, Secs. 24-9-4 to 24-9-8, inclusive, 40-10-132 am'd; Sec. 24-9-10 added

Description

Under existing law, the Alabama Land Bank Authority may acquire tax delinquent properties for rehabilitation.

This bill would expand the definition of the term "agreement" to include an agreement between an authority and a local authority.

This bill would define the term "local authority" as an authority created by a county or municipality for the purposes of transferring property to the land bank authority.

This bill would allow the land bank authority to institute a foreclosure action and to acquire title to property by purchase, donation, exchange, or otherwise provide the procedure to institute a foreclosure action.

This bill would allow the land bank to submit a request to the Land Commissioner of the State of Alabama for transfer of the state's interest in tax delinquent properties that have been held by the state for at least five years.

This bill would provide the procedure for the conveyance or the disposition of properties or rights or interests held by the land bank authority.

This bill would provide for the creation of local land bank authorities.

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Subjects

Alabama Land Bank Authority